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Dec 10, 2013
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ALJAZAM
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in the fiscal year, the deficit as a percentage of g.d.p. dropped by 37%. there are still some challenges for the u.s. economy. but the current -- if the only thing congress does right now is to get out of the way, that itself would be progress. and that's our show for today on tuesday, the winners and losers in wall street annual bonus sweep stakes, in for ali valshi, thank you for joining us. homeowners, one minute home he is. what is going on. talk rabbiting numbers we have more homeless school age kids in america than ever before. >> right. >> so we have to have a whole new conversation about american
in the fiscal year, the deficit as a percentage of g.d.p. dropped by 37%. there are still some challenges for the u.s. economy. but the current -- if the only thing congress does right now is to get out of the way, that itself would be progress. and that's our show for today on tuesday, the winners and losers in wall street annual bonus sweep stakes, in for ali valshi, thank you for joining us. homeowners, one minute home he is. what is going on. talk rabbiting numbers we have more homeless...
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Dec 6, 2013
12/13
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BLOOMBERG
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get us growth slowdown going forward, we might not see the fiscal contraction of the deficit that we really need. essentially our spending habit 's have not changed that much. we have been in austerity for so long, it was a shame that it was not more structural change. >> what does it mean for sterling capitol when you look at the top 10 currencies. this is against the other nine. can its strength continue. >> it depends on the bank of england. if it threatens the inflation target of two percent, we have target. inflation and this could force the hand because the strong pound could all of a sudden having a real problem of their policy. now, there is a real threat of that sum will push this into deflationary territory. is that real concern for the bank of england? >> it is not on their forecasts at the moment that we have seen such a huge appreciation of sterling already. at 164 level does look very sticky. it will take a little to push us up there. if we were to see a 500 moving. >> thank you. we will get her thoughts on the ecb. >> fellow south africans, our beloved nelson mandela,
get us growth slowdown going forward, we might not see the fiscal contraction of the deficit that we really need. essentially our spending habit 's have not changed that much. we have been in austerity for so long, it was a shame that it was not more structural change. >> what does it mean for sterling capitol when you look at the top 10 currencies. this is against the other nine. can its strength continue. >> it depends on the bank of england. if it threatens the inflation target...
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Dec 7, 2013
12/13
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KCSM
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executive board of the government to which he be the next ball is expected that this is all this the budget deficit reaching out to some discussion about this alarming. add to the commercial hub is like a civics with the outbreak of the epidemic. then the forty seven thousand visitors vaccination. the defendant's refusal of the budget documents to be in the end of the organization program of the country. after that the demented ropes activists of all the time i took that as the benefits of bad vaccinations and again it is a western plot to sterilize muslims. the director had about but found that the porto by respondents said yes please read the perspective of the strip had the energy and focus on in the wall the demise of south african leader nelson mandela on thursday. jackie up a five course it was a great fit it in debt and a bit of inspiration all humanity president the democrats he said. wisdom promo could shoot him in the men's team and it is the more joy and peace be with the portuguese injustice in that sense of the cycle of humanity it's the top. i just said that. it is too old to justice.
executive board of the government to which he be the next ball is expected that this is all this the budget deficit reaching out to some discussion about this alarming. add to the commercial hub is like a civics with the outbreak of the epidemic. then the forty seven thousand visitors vaccination. the defendant's refusal of the budget documents to be in the end of the organization program of the country. after that the demented ropes activists of all the time i took that as the benefits of bad...
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Dec 6, 2013
12/13
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KCSM
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expense of bryce is in fighting the new fighters stockpiles are growing and so was the government's deficit. it said to have reached a deal in dollars around ten percent off the nation's budget. some feel there is a strong need to change the political environment for this financial burden. it's not passed to his students generation. that is why he decided to join in the demonstrations along with his co the us. you see the government is injecting taxpayer money into its political base in rural areas women. government officials to change the way they spend our money. to be used to improve the lives of all the time people the day the day the more the one gal worked at the country's transport ministry the thirty six year old fisher writes history demonstrations during his lunch break. he says he fell extremely angry when the government tried to pass a bill that would pardon former prime minister talks to the feel of what's been sentenced to prison the person who's committed wrongdoing by many to reading votes in parliament should get off scot free. it's not acceptable. not in a country that sup
expense of bryce is in fighting the new fighters stockpiles are growing and so was the government's deficit. it said to have reached a deal in dollars around ten percent off the nation's budget. some feel there is a strong need to change the political environment for this financial burden. it's not passed to his students generation. that is why he decided to join in the demonstrations along with his co the us. you see the government is injecting taxpayer money into its political base in rural...
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Dec 9, 2013
12/13
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CSPAN2
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the deficit cannot be cured by these big spending programs like health care, etc. and in my opinion, it sounds a lot like -- [inaudible] >> guest: i didn't get that, but -- >> host: all right, let us take a question from twitter. please explain why federal government has co-mingled social security and medicare with general budget funded by different systems. >> guest: well, social security is funded by a payroll tax, and part of ped care is funded by the payroll tax. the money is accounted for separately, but it is all part of the federal government. social security is, after all, a federal government program. the tax is a federal tax, and the benefits come out of the treasury. so, you know, it is important to account for it separately since we have a dedicated payroll tax for that purpose. but it is, you're, ideally -- you know, ideally we should be balancing the -- balance the budget at the moment, but ideally it would be good if we could say social security was completely off budget. and technically speaking, it is off budget. but as i said, it's money that come
the deficit cannot be cured by these big spending programs like health care, etc. and in my opinion, it sounds a lot like -- [inaudible] >> guest: i didn't get that, but -- >> host: all right, let us take a question from twitter. please explain why federal government has co-mingled social security and medicare with general budget funded by different systems. >> guest: well, social security is funded by a payroll tax, and part of ped care is funded by the payroll tax. the money...
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Dec 6, 2013
12/13
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KICU
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the governor has signed landmark legislation that includes cutting benefits to cover a $100 billlion deficit. unions are planning a fight. and starbucks is out with a fancy shmancy metal gift card...that costs $450 dollars. it goes on sale at noon est today at gilt.com. only 1,000 are available. tim mulholland of china america capital joins us now from the trading floor he's getting set for the jobs number coming out today. will we see jobs on the rise? > >given the adp report, the gdp report, the initial claims earlier this week and yesterday i think expectations are for a strong number. so that's what the market's expecting. i think an expected number of 185 will be considered good. if it's a stronger number than expected, above 200, bonds sell off in this anticipation of tapering. but i think we're still along ways off of that. i also think we need to consider if it's a weaker than expected number i think that fears of any early tapering are off the table and maybe we'll be off to the races again in the equity markets will continue quantitative easing and stimulus in the market. > >what e
the governor has signed landmark legislation that includes cutting benefits to cover a $100 billlion deficit. unions are planning a fight. and starbucks is out with a fancy shmancy metal gift card...that costs $450 dollars. it goes on sale at noon est today at gilt.com. only 1,000 are available. tim mulholland of china america capital joins us now from the trading floor he's getting set for the jobs number coming out today. will we see jobs on the rise? > >given the adp report, the gdp...
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Dec 8, 2013
12/13
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CSPAN2
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electric and deficit spending can find, how are you going to get a balanced budget? we don't like the current economy, what i going to do to get us to grow at the rate we ought to? coming out of this deep of recession, we will be growing five or 6% a year. we should be pulling back into the middle class. we will be solving a lot of our problems by just the sheer dynamics of a recovery. we are getting none of that right now. don't just tell me which are getting. don't know what you're for. i've been to all too many campaigns in the last 15 years that have been negative, eddie, personality oriented and they think they don't show the country well and i don't think will solve our problems with that approach. i hope you will read "breakout" but if you agree with me that this was an important concept inhibiting the people who think in that line in future, think about prison guards of the pass, we could really begin a dialogue that is future past and is very powerful in terms of bringing many people together who wouldn't know my think they were on the same side and i would
electric and deficit spending can find, how are you going to get a balanced budget? we don't like the current economy, what i going to do to get us to grow at the rate we ought to? coming out of this deep of recession, we will be growing five or 6% a year. we should be pulling back into the middle class. we will be solving a lot of our problems by just the sheer dynamics of a recovery. we are getting none of that right now. don't just tell me which are getting. don't know what you're for. i've...
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Dec 10, 2013
12/13
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FOXNEWSW
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we have budget deficits that have improved but they have not disappeared and we have deficits in education and innovation and infrastructure that continue to widen. we know we need comprehensive tax reform, comprehensive immigration reform. there is a lot more for congress to do. so this deal doesn't solve all of our problems but i think it is an important step in helping to heal some of the wounds here in congress, to rebuild some trust and show that we can do something without a crisis right around the corner. and dom on straight the value in making our government work for the people we represent. so when all of this is done, i am very proud to stand with chairman ryan or anyone else who wants to work on this bipartisan foundation to continue addressing our nation's challenges. nothing is easy here but i know the american people expect nothing less. i want to take a minute to especially change chairman ryan. he and i do have some major differences. we cheer for a different football team. clearly. we catch different fish. we have some differences on policies. but we agree that our country
we have budget deficits that have improved but they have not disappeared and we have deficits in education and innovation and infrastructure that continue to widen. we know we need comprehensive tax reform, comprehensive immigration reform. there is a lot more for congress to do. so this deal doesn't solve all of our problems but i think it is an important step in helping to heal some of the wounds here in congress, to rebuild some trust and show that we can do something without a crisis right...
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Dec 9, 2013
12/13
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cells with a two one win over fellow tend to speak helpful side to side get this taken me through a deficit of one penalty. and things around before the break when an airplane equalised with a grey and the like. when the then came from mike schools that will also sport from the penalty spot like the captain predicted that this was sent off for a second to none. the weekend results so far look like this got one for two against time about how spoke back to when it come but finds that last attempt a call sometime on sunday at the coast was well like take on britain. stay with us sunday champion. are you. the years. sure sweetie it. the team he was sixteen this keeps the second set nineteen ski team in each district to its gdp who graciously decided to start we didn't eat by the sea. i don't like effects. it tells its own pc the year. as the week starting ukraine was in the midst of its worst political crisis since the orange revolution almost a decade ago. demonstrators laid siege to government buildings. this issue the debate on the klitschko called for the resignation of president viktor you
cells with a two one win over fellow tend to speak helpful side to side get this taken me through a deficit of one penalty. and things around before the break when an airplane equalised with a grey and the like. when the then came from mike schools that will also sport from the penalty spot like the captain predicted that this was sent off for a second to none. the weekend results so far look like this got one for two against time about how spoke back to when it come but finds that last attempt...
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Dec 8, 2013
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. >> there is a fundamental difference between short-term deficits and an structural deficits. the short-term deficits largely were inherited by the rock obama -- barack obama and we need to understand its short-term deficits are understandable because we are in a recession and we have to undeclared wars and a number of bailouts and unemployment is very high. so he made it very clear that he wants to try to take the steps to try to get the economy going on in consistent basis and bring unemployment down. he is going to propose a number of tax cuts or tax preferences as well as spending increases to try to do that and that may exacerbate the short-term but then he pivoted which i think is important to talk about the structural deficit. and that is what threatens the state. it's not the ice that is above the water. it's the ice that is below the water. it's not the debt on the balance sheet, it is what is off the balance sheet that disrupts the future and he talked about three things, he talked about freezing a portion of discretionary spending, less than 20% of the federal budge
. >> there is a fundamental difference between short-term deficits and an structural deficits. the short-term deficits largely were inherited by the rock obama -- barack obama and we need to understand its short-term deficits are understandable because we are in a recession and we have to undeclared wars and a number of bailouts and unemployment is very high. so he made it very clear that he wants to try to take the steps to try to get the economy going on in consistent basis and bring...
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Dec 10, 2013
12/13
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ALJAZAM
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i'm getting more deficit reduction. so the deficit will go down more by passing this than if we did nothing. that's point number one. point number two, there are no tax increases here. point number three, we're finally starting to deal with auto pilot spending. that mandatory spending that has not been addressed by congress for years. this isn't easy. this is the first divided government budget agreement since 1986. the reason why we haven't done a budget agreement when both houses were controlled by other parties since 1986 is because it's not easy to do. we're not going to get everything that we want and she's not going to get everything that she wants. >> what if they reject it. >> i think we'll pass there though the house. we'll go first given our schedules. we'll post this on our website this evening and we intend to bring it to the house floor later this week. i have every reason to expect great support from our caucus. we're keeping our key principles. no one here had to sacrifice their core principles. our princ
i'm getting more deficit reduction. so the deficit will go down more by passing this than if we did nothing. that's point number one. point number two, there are no tax increases here. point number three, we're finally starting to deal with auto pilot spending. that mandatory spending that has not been addressed by congress for years. this isn't easy. this is the first divided government budget agreement since 1986. the reason why we haven't done a budget agreement when both houses were...
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Dec 10, 2013
12/13
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MSNBCW
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i mean you look at this budget bill, it's not deficit reduction, there's no cuts in entitlements, there's no closing corporate loopholes. we're really just in a holding pattern here. >> lois romano, e.j. dough a jj thank you both. >>> if you read only one thing this morning, say it isn't so. the rules and regulations are out for the super bowl and partiers take note. no tailgating. now you can eat and drink in your car, you can stand outside your car if you stay within the lines of your parking space but that's it. and wait until you read what kinds of cars will and won't be allowed in the parking lot. it's my must read. it's up on our facebook page, where a common theme from you has been there's an easier way. mary barnett wrote why not a super bowl party at home and then you can eat and drink as much as you want? true enough. let us know what you think. head to facebook/jansingco. which rewards her for responsibly managing her card balance. before receiving $25 toward her balance each quarter for making more than her minimum payment on time each month. tracey got the bankamericard bette
i mean you look at this budget bill, it's not deficit reduction, there's no cuts in entitlements, there's no closing corporate loopholes. we're really just in a holding pattern here. >> lois romano, e.j. dough a jj thank you both. >>> if you read only one thing this morning, say it isn't so. the rules and regulations are out for the super bowl and partiers take note. no tailgating. now you can eat and drink in your car, you can stand outside your car if you stay within the lines...
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Dec 7, 2013
12/13
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CNBC
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the mandatory spending programs, get a net deficit reduction package. if they can get that's a good deal. >> but they can't. of course you're right about the defense and buck mccann is right. if you look at the line, if you look at the base line, they're up 19% over the next bunch of years out the 2021 or something. 2014 they take another hit. i get that. however from that base it rises about 18 or 19%. that's pretty good. >> the other argument for getting the deal is that these discretionary cuts are written on paper. every congress can undo them. if you start changing the federal retirement program, it sticks. if you start changing aviation fees it sticks. if you change the mandatory programs like farm or spectrum rights they stick. you change the long term as well as the short term. it's worth trying to get a deal. not every deal is acceptable. the parties are very far apart on the big items. so if there's a small deal where you can get enough overlap and get each side to take some bad votes it's worth trying to get it done. >> let me go back to you
the mandatory spending programs, get a net deficit reduction package. if they can get that's a good deal. >> but they can't. of course you're right about the defense and buck mccann is right. if you look at the line, if you look at the base line, they're up 19% over the next bunch of years out the 2021 or something. 2014 they take another hit. i get that. however from that base it rises about 18 or 19%. that's pretty good. >> the other argument for getting the deal is that these...
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Dec 10, 2013
12/13
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MSNBCW
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more deficit reduction. so the deficit will go down more by passing this than if we did nothing. that's point number one. point number two, there are no tax increases here. point number three, we're finally starting to deal with autopilot spending. that mandatory spending that has not been addressed by congress for years. this isn't easy. this is the first divided budget agreement since 1986. the reason we haven't done one is because it's not easy to do. so we know we're not going to get everything we want and she's not going to get everything she wants. [ inaudible question ] i think conservatives should vote for it. i expect we will have a healthy vote. i think we will pass this through the house. we're going to go first given our schedules. we will post this on our website this evening and we intend to bring it to the house floor later on this week. i have every reason to expect great support from our caucus because we are keeping our principles. the key here is nobody had to sacrifice their core principles. our principles are don't raise taxes, reduce the deficit. we also hav
more deficit reduction. so the deficit will go down more by passing this than if we did nothing. that's point number one. point number two, there are no tax increases here. point number three, we're finally starting to deal with autopilot spending. that mandatory spending that has not been addressed by congress for years. this isn't easy. this is the first divided budget agreement since 1986. the reason we haven't done one is because it's not easy to do. so we know we're not going to get...
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Dec 10, 2013
12/13
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CNBC
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it would involve some deficit reducti reduction. you have got no tax increases in this although there will be an increase in aviation fees, something that the house and senate and obama administration expressed tsh in before. they do hit things we are waiting to see whether or not there is any sort of agreement. democrats made that last minute demand. we don't think it will be part of this deal. we may get an agreement to vote on a short term extension. the congress should do by the end of next week with something good to tell their constituents. >> appreciate it. a budget deal will be announced. i want to pull this back into the taper. part of that is the notion that there will be a budget deal. does that increase the odds in your view? >> it's amazing how the stars -- maybe it's not amazing. >> the job's numbers are better. the deal comes through. >> it's all coming together. >> the fed could not do anything. >> this is great news. the two brain cells part of this is i think this is the next leg up. if you get corporations to star
it would involve some deficit reducti reduction. you have got no tax increases in this although there will be an increase in aviation fees, something that the house and senate and obama administration expressed tsh in before. they do hit things we are waiting to see whether or not there is any sort of agreement. democrats made that last minute demand. we don't think it will be part of this deal. we may get an agreement to vote on a short term extension. the congress should do by the end of next...
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Dec 6, 2013
12/13
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BLOOMBERG
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robust is a healthy and urbanization, but we did have a deficit. one of the challenges to address was to know longer have a deficit. it created an entity that would enable a structure that would enable one to receive money, and those who gave money to get tax deductions was key. so we got a new irs status, c3 charitable foundation, and we also received chi museum.s the nogu prior to that, the noguchi foundation which was the museum was a program of. >> how would you describe the work of noguchi to those are not familiar with this culture or art? york, mother was from new his father was japanese. he called himself a global artist at the time. it was before the motions of multiculturalism and biracial. he was born in 1904. he was extraordinarily prolific in that he worked in parks, landscapes. he was a precursor to all of the artists that went on to be known as earthwork artists. he did parks, playgrounds, theater curtains, theater sets. he had an association with martha graham for 50 years. many people do not realize the big stainless steel piece in
robust is a healthy and urbanization, but we did have a deficit. one of the challenges to address was to know longer have a deficit. it created an entity that would enable a structure that would enable one to receive money, and those who gave money to get tax deductions was key. so we got a new irs status, c3 charitable foundation, and we also received chi museum.s the nogu prior to that, the noguchi foundation which was the museum was a program of. >> how would you describe the work of...
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Dec 8, 2013
12/13
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CSPAN
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. >> so in personal deficits or not, especially if we have a national deficit, spending money on pell grants is a good investor -- a good investment for our tax payers? >> it is not spending, it's an investment. you are absolutely correct. >> thank you. >> thank you very much. >> i appreciate this opportunity. it's a fascinating conversation. i want to focus on the testimony of dr. robinson. hearing is important because it highlights the testimony of now moving as a away from a philosophy toward higher education that focuses only on access and starts to look at success. i'm a product of pell grants. i could not have graduated from wabash college without pell grants. i have lived the importance of these degrees great but the world has changed a lot in last 40 years. i would say the federal financial aid system is one of the great success stories in the history of the federal government. access, weal was provided access to higher education for people in this country like never before. the challenge is, when these programs started 40 years ago, access was enough. when you looked at the i
. >> so in personal deficits or not, especially if we have a national deficit, spending money on pell grants is a good investor -- a good investment for our tax payers? >> it is not spending, it's an investment. you are absolutely correct. >> thank you. >> thank you very much. >> i appreciate this opportunity. it's a fascinating conversation. i want to focus on the testimony of dr. robinson. hearing is important because it highlights the testimony of now moving as...
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i would put the emphasis down to get the trade deficit close closer to balance. liz: you think the weaker dollar is better. exports looked not certainly so bad. exports were up. people are buying our good overseas. >> well, it was some improvement but we actually revised down the previous numbers, previous month ace numbers. so it wasn't much of an improvement. we have a ways to go. we have a deficit of 500 billion. maybe we're moving in the right direction but if so, very slowly. we have to pick up that pace. liz: precursor to the government's jobs number report, adp, came out yesterday. look better than expected, 218,000 jobs created what are you expecting from the labor department tomorrow? >> i will be a pessimist, 141, 50. last month was strong numbers. strong growth in retail employment. very strong growth, manufacturing construction. i think latter two were a mom lace. the -- anomalies. think people are doing earlier than normal hiring, christmas hiring. a lot of hiring that would normally take place in november took place in october. i think i ace weak st
i would put the emphasis down to get the trade deficit close closer to balance. liz: you think the weaker dollar is better. exports looked not certainly so bad. exports were up. people are buying our good overseas. >> well, it was some improvement but we actually revised down the previous numbers, previous month ace numbers. so it wasn't much of an improvement. we have a ways to go. we have a deficit of 500 billion. maybe we're moving in the right direction but if so, very slowly. we have...
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Dec 10, 2013
12/13
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CNNW
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i'm getting more deficit reduction. so the deficit will go down more than if we did nothing. point number two, there are no tax increases here. point number three, we're finally starting to deal with auto pilot spending, that mandatory spending that has not been addressed by congress for years. look, this isn't easy. this is the first divided government budget agreement since 1986. the reason we haven't done a budget agreement since '86 is because it's not easy to do. so we know we're not going to get everything we want and she's not going to get everything we want. >>> all right. so there you have it. a major, major deal, words you don't often here in washington, d.c. right now. compromise. and as you heard paul ryan say, a step in the right drink, although there will be plenty of conservatives who won't be happy with this deal. there will be some liberals who won't be happy with it as well. it's still got to pass the house of representatives, pass the senate, go to the president for his signature. if it passes, there will not be a government shutdown in january. we'll be ri
i'm getting more deficit reduction. so the deficit will go down more than if we did nothing. point number two, there are no tax increases here. point number three, we're finally starting to deal with auto pilot spending, that mandatory spending that has not been addressed by congress for years. look, this isn't easy. this is the first divided government budget agreement since 1986. the reason we haven't done a budget agreement since '86 is because it's not easy to do. so we know we're not going...
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Dec 6, 2013
12/13
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every effort to contain real general government consumption at present levels and to manage the budget deficit with a view to its continuous reduction. similarly, we are agreed that a permanently higher general level of taxation is to be avoided. to achieve these important objectives will require consistent discipline on the part of both the central and the provincial governments. furthermore, this disciplined approach will ensure that we integrate the objectives of our reconstruction and development plan within government expenditure and not treat them as incidental to the tasks of government, marginalised to the status of mere additions to the level of expenditure. there are major areas of desperate need in our society. as a signal of its seriousness to address these, the government will, within the next 100 days, implement various projects under the direct supervision of the president. let me briefly explain these. children under the age of six and pregnant mothers will receive free medical care in every state hospital and clinic where such need exists. [applause] similarly, a nutritional f
every effort to contain real general government consumption at present levels and to manage the budget deficit with a view to its continuous reduction. similarly, we are agreed that a permanently higher general level of taxation is to be avoided. to achieve these important objectives will require consistent discipline on the part of both the central and the provincial governments. furthermore, this disciplined approach will ensure that we integrate the objectives of our reconstruction and...
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Dec 10, 2013
12/13
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CSPAN
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trade deficit has exploded. since nafta and w.t.o., we have lost over five million of our manufacturing jobs, 40,000 factories gone and real wages down across the economy. in fact, true audit, our export growth to countries we do not have fast track trade agreements with is actually 38% higher than those with which we do have the fast track agreements. myth number three, every president since roosevelt has had t.p.a. warning, trick acronym. t.p.a. also is an acronym for trade promotion authority. the cynical renaming of fast track. reciprocal the trade authority act. and that is a mechanism president roosevelt had that only pertained to tariffs. yes, it is true from 1934, the reciprocal tariff act had tariff proclamation authority, t.p.a., totally different thing than the t.p.a. that equals fast track. truth, a handful of presidents since nixon has had fast track. and now for the politics. the question is, will this house of representatives give president obama this extraordinary authority to push through the tr
trade deficit has exploded. since nafta and w.t.o., we have lost over five million of our manufacturing jobs, 40,000 factories gone and real wages down across the economy. in fact, true audit, our export growth to countries we do not have fast track trade agreements with is actually 38% higher than those with which we do have the fast track agreements. myth number three, every president since roosevelt has had t.p.a. warning, trick acronym. t.p.a. also is an acronym for trade promotion...
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Dec 9, 2013
12/13
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CNBC
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the deal would do nothing to significantly reduce the deficit. nor does it raise taxes nor reform entitlement programs like medicare and social security. democrats say it's not a deal breaker if it's not done by january. they could target about $65 billion in alternative policies. the spirited bipartisan may exist elsewhere on capitol hill as well. last week lawmakers said they've made progress towards passing the first new five-year farm bill since 2008. they've yet to agree on the most politically sensitive topic though, how much to trim from the u.s. food stamps program. house republicans want to cut spending by 40 billion while senate democrats have agreed to trim 4 billion. that's what we're watching in washington next week. >> not much of a gap between 40 and 4. thanks for that, mary. >>> joining us for more is morris reid managing director tina fordham is still in the studio. morris, thank you for joining us. are we going to get an agreement this week on something? >> i think so. there's a lot of pressure on congress from the business comm
the deal would do nothing to significantly reduce the deficit. nor does it raise taxes nor reform entitlement programs like medicare and social security. democrats say it's not a deal breaker if it's not done by january. they could target about $65 billion in alternative policies. the spirited bipartisan may exist elsewhere on capitol hill as well. last week lawmakers said they've made progress towards passing the first new five-year farm bill since 2008. they've yet to agree on the most...
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Dec 9, 2013
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the president has said the deficit should take a back seat to jobs right now. there are also tense negotiations over cutting hiking security fees. and lawmakers also talking about partially repealing the sequester spending cuts. proposals to extend jobless benefits for the long term unemployed have also hit a snag. the president says those benefits are critical for many families, and he pushed the gop on that issue this weekend. >> for many families, it can be the difference between hardship and catastrophe. last year alone, it lifted 2.5 million people out of poverty. and cushioned the blow for many more. but here's the thing. if members of congress don't act before they leave on their vacations, 1.3 million americans will lose this lifeline. >> did you hear that? there might have been a little shade there for republicans on the hill. they are giving themselves another long vacation starting friday. on the other hand, some conservatives now say opposing unemployment benefits is their way of helping the unemployed. >> i do support unemployment benefits for the
the president has said the deficit should take a back seat to jobs right now. there are also tense negotiations over cutting hiking security fees. and lawmakers also talking about partially repealing the sequester spending cuts. proposals to extend jobless benefits for the long term unemployed have also hit a snag. the president says those benefits are critical for many families, and he pushed the gop on that issue this weekend. >> for many families, it can be the difference between...
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Dec 9, 2013
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"the washington post" says it would roll back some of the cuts and take action to reduce the deficits. overall it may not be the grand bargain some were hoping for. negotiators have been trying to find common ground since october as part of the grooemted thagre end the government shutdown. >>> so south africa. the nation and the world gather to remember nelson mandela. sunday was a national day of prayer in south africa with millions paying their respects to the former president. the preparations are now under way for a memorial service that will bring dozens of world leaders, including president obama, to south africa starting today. robin kurnow is outside mandela's home this morning. you've just spoken to one of his closest confidants. what did she say? >> we are hearing for the first time what is going on inside this house behind me. the home where nelson mandela died. we have been seeing a lot of people coming outside in the past few days laying flowers, paying their respects. we understand according to african tradition, nelson mandela's wife is sitting on a mattress in the livi
"the washington post" says it would roll back some of the cuts and take action to reduce the deficits. overall it may not be the grand bargain some were hoping for. negotiators have been trying to find common ground since october as part of the grooemted thagre end the government shutdown. >>> so south africa. the nation and the world gather to remember nelson mandela. sunday was a national day of prayer in south africa with millions paying their respects to the former...
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Dec 5, 2013
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sex we are running less of a deficit. that is good news. what if you drill down and talk thet individuals? >> it is verge because of the wealth effect. rising. have been consumers are at the upper end of the spectrum and have been really getting the benefit of higher net worth. here is net worth as a percent of disposable income. we have seen very sharp improvement that is driving the spending we are seeing in the economy. >> in other words, the total net worth is 600% of what you make. if you make 100,000, you are worth 600,000? >> exactly. s&p is up. equities are up. general home price valuations are up. we have been covering a lot of the lost wealth. five years after the financial crisis, we have recovered a lot of the wealth. the dominant theme for spending in 2014. >> that is very good news. we have breaking news i want to share with you on time warner cable. we have reported a number of inle carriers are interested comcast communications. according to bloomberg news, time warner is said to likely accept a share offer between 150 and 1
sex we are running less of a deficit. that is good news. what if you drill down and talk thet individuals? >> it is verge because of the wealth effect. rising. have been consumers are at the upper end of the spectrum and have been really getting the benefit of higher net worth. here is net worth as a percent of disposable income. we have seen very sharp improvement that is driving the spending we are seeing in the economy. >> in other words, the total net worth is 600% of what you...
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Dec 7, 2013
12/13
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warriored thrilled us all tuesday when they overcam a seven point deficit to win by nine over toronto. tonight in houston golden state nearly made as many turnovers as field goals. warriors in their dark jerseys shot 36% from the field. rockets scored 23 points off golden state 22 turnovers. james harden you're so vicious. 34 for harden. he also led the team with eight turnovers. look at this alley oop pass. here comes houston. there goes harden. warriors never in this one. they lose this one 85-83. >>> sharks are already regretting their east coast trip. they lost back to back games in regulations for the first time this super bowl. it felt like the grinch stole christmas in raleigh. san jose scored twice. sharks make something happen in the third. justin braun one times it. steals a goal past ward. we're tied at three but it wasn't meant to be. rookie elias lenum deflects it. an empty nether to score three goals and they win 5-3. the baseball business is just getting wackier. yankees win two big [ female announcer ] for those who love sweets your season is here. let's just call it t
warriored thrilled us all tuesday when they overcam a seven point deficit to win by nine over toronto. tonight in houston golden state nearly made as many turnovers as field goals. warriors in their dark jerseys shot 36% from the field. rockets scored 23 points off golden state 22 turnovers. james harden you're so vicious. 34 for harden. he also led the team with eight turnovers. look at this alley oop pass. here comes houston. there goes harden. warriors never in this one. they lose this one...
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Dec 11, 2013
12/13
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challenges we have here in the congress on our budget, on paying down our debt, on reducing our annual deficit, on procedural measures, how to run this senate and work more effectively on behalf of the people of all of our states, there's some really good news in north dakota, in south dakota, texas, louisiana, and other states that are experiencing really very low numbers of unemployment because the jobs are plentiful. what our challenge is just to comment briefly, what our comment -- challenge is is actually training the work force that we're going to need to fill all the jobs that we have. and these are very good-paying jobs. some starting at $40,000 or $60,000 a year, construction, welders, going up to $125,000, some of them are temporary but many of them will be permanent. so i hope we can resolve this unemployment issue. however, in states like the senator from rhode island, unfortunately, he and about 20 other states have very high unemployment. i think in some states it might still be over 9%. and they're chronically unemployed just because of the competition of globalization and other
challenges we have here in the congress on our budget, on paying down our debt, on reducing our annual deficit, on procedural measures, how to run this senate and work more effectively on behalf of the people of all of our states, there's some really good news in north dakota, in south dakota, texas, louisiana, and other states that are experiencing really very low numbers of unemployment because the jobs are plentiful. what our challenge is just to comment briefly, what our comment --...
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Dec 7, 2013
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. >> a relentlessly growing deficit of opportunity is a bigger threat to our future than our rapidly shrinking fiscal deficit. >> the president on wednesday speaking at the center for american progress. he talked about invoking the fast food workers, liberal economists writing in the new york times responded by writing finally our political class has spent years obsessed which a fake problem worrying about debt and deficits that never pose a threat to the nation's future, showing no interest in stag nateing wages. mr. obama i'm sorry to say bought into that diversion. now, however, he is moving on. isaac, do you share that reading that paul had, two, three years ago, everybody in washington was old souls on a deficit reduction including the president, himself, now even president obama is showing publicly an inclination to show that warren style populism. >> i think the rhetoric has changed. just to go back to the last seg him, jonathan was saying the tea party has people in washington. there is elizabeth warren. i think if it's going to come, it's going to to him in the next few year
. >> a relentlessly growing deficit of opportunity is a bigger threat to our future than our rapidly shrinking fiscal deficit. >> the president on wednesday speaking at the center for american progress. he talked about invoking the fast food workers, liberal economists writing in the new york times responded by writing finally our political class has spent years obsessed which a fake problem worrying about debt and deficits that never pose a threat to the nation's future, showing no...
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Dec 5, 2013
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as they were concentrated on deficit reduction and did not see the connection between deficit reduction and growth. they thought deficit reduction was a great policy. that was the mistake. they could not think in these dynamic terms. thaty do you not think this recovery will become a more broad-based recovery? there is some evidence that the export story is improving, manufacturing data has been improving. that data -- they are largely u.k. generated. it is internal rather than export. basic have to go back to theory. there are two drivers of economic growth. investment and there is consumption. you have got to look at what is happening to both of those components. and then you have to ask what are the chances that they will grow. i do not think investment -- it may have picked up a little bit. it is still very much lower than it was in 2007 in 2008. as for consumption, there has been a big decline in real earnings. over the last five years. >> how do we deal with that? this could come back to the tax story. >> that comes back to the tax story, it comes back to the way national insuranc
as they were concentrated on deficit reduction and did not see the connection between deficit reduction and growth. they thought deficit reduction was a great policy. that was the mistake. they could not think in these dynamic terms. thaty do you not think this recovery will become a more broad-based recovery? there is some evidence that the export story is improving, manufacturing data has been improving. that data -- they are largely u.k. generated. it is internal rather than export. basic...
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Dec 7, 2013
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warriored thrilled us all tuesday when they overcam a seven point deficit to win by nine over toronto. tonight in houston golden state nearly made as many turnovers as field goals. warriors in their dark jerseys shot 36% from the field. rockets scored 23 points off golden state 22 turnovers. james harden you're so vicious. 34 for harden. he also led the team with eight turnovers. look at this alley oop pass. here comes houston. there goes harden. warriors never in this one. they lose this one 85-83. >>> sharks are already regretting their east coast trip. they lost back to back games in regulations for the first time this super bowl. it felt like the grinch stole christmas in raleigh. san jose scored twice. sharks make something happen in the third. justin braun one times it. steals a goal past ward. we're tied at three but it wasn't meant to be. rookie elias lenum deflects it. an empty nether to score three goals and they win 5-3. the baseball business is just getting wackier. yankees win two big time players. sarah and mitty play a division championship game tonight. it's for all th
warriored thrilled us all tuesday when they overcam a seven point deficit to win by nine over toronto. tonight in houston golden state nearly made as many turnovers as field goals. warriors in their dark jerseys shot 36% from the field. rockets scored 23 points off golden state 22 turnovers. james harden you're so vicious. 34 for harden. he also led the team with eight turnovers. look at this alley oop pass. here comes houston. there goes harden. warriors never in this one. they lose this one...
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Dec 10, 2013
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there's a gaping trust deficit. that's the point of view of republican and democratic lawmakers. you can't trust iran and you have to keep adding to economic pressure on regime even while the deal is under way. that that's the only thing that's going to keep them honest. the administration's response is sort of an odd modification on the old trust but verify with the soviets. kerry said it's not trust but verify, it's verify and verify. they say they're going to monitor this deal and any minor sanctions relief they're doing is easily rolled back if iran doesn't abide by any of its commitments under this agreement. >> so jim, that really is the point. i mean, the administration says this is rolling back some sanctions in a minor way as an incentive to iran to follow through on the geneva deal. what is it that members of congress are against here? why not give it a chance? it's easily fixed. why make it tougher and perhaps frighten them off? >> that's the argument. it's an interesting situation here because you have the american president and the iranian president making the same a
there's a gaping trust deficit. that's the point of view of republican and democratic lawmakers. you can't trust iran and you have to keep adding to economic pressure on regime even while the deal is under way. that that's the only thing that's going to keep them honest. the administration's response is sort of an odd modification on the old trust but verify with the soviets. kerry said it's not trust but verify, it's verify and verify. they say they're going to monitor this deal and any minor...
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Dec 10, 2013
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the remainder will go into the future deficit fund. >> i don't know if happy hollow is open this time of year. >> not now. if you are headed anywhere to take the kids. >> hey, good morning. a lot of people trying to get the shopping done. travel cautiously out there and watch your walk as we have reports of ice on the sidewalks. 35 in san francisco. along the peninsula about 30 degrees, breezy conditions. you can see that from the camera. it's going to be one of those days. san bruno mountain temperatures are very cold. 29 in campbell, 28 in sunnyvale. they 6 in air a too ga. temperatures will start to warm up. that's good news for this young man who sent in a picture. this is from david in san jose who writes not again with three exclamation points. the good news the next couple days in the thid 30s, then the upper 30s. finally back to the 40s into this weekend. we have a warm-up headed our way. a ridge of high pressure is going to build in. something else is we get this dense sinking air. our air quality is going to be suffering for the next few days. it was a spare the air day yest
the remainder will go into the future deficit fund. >> i don't know if happy hollow is open this time of year. >> not now. if you are headed anywhere to take the kids. >> hey, good morning. a lot of people trying to get the shopping done. travel cautiously out there and watch your walk as we have reports of ice on the sidewalks. 35 in san francisco. along the peninsula about 30 degrees, breezy conditions. you can see that from the camera. it's going to be one of those days....
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Dec 10, 2013
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there would not be this unrelenting focus in washington on more spending cuts at a time when the budget deficit has been rapidly shrinking. so, as we prepare to close the books on the first year of what is on track to go down as the least productive congressional year in history, it's time to ask, despite all of its many faults, whether the tea party has been a boom to conservatism in america? karen finney, host of "disrupt" weekends on msnbc, and sam seater, host of the online political talk show and podcast "majority report," and david zeroda. karen, what do you think, has it been good or bad for conservatism, the tea party, and not good or bad for the country. i think everyone at this table agrees it's bad for the country, really bad for the country, terrible, destructive in all the way as talk about all the time, but good or bad for the conservative movement? >> bad, because particularly if you think about the 2014 election, that election is going to be nationalized. and the problem when you have a nationalized election is you have to have a unified message. they don't have that. the conser
there would not be this unrelenting focus in washington on more spending cuts at a time when the budget deficit has been rapidly shrinking. so, as we prepare to close the books on the first year of what is on track to go down as the least productive congressional year in history, it's time to ask, despite all of its many faults, whether the tea party has been a boom to conservatism in america? karen finney, host of "disrupt" weekends on msnbc, and sam seater, host of the online...
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Dec 9, 2013
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so you need -- if you want to keep a deficit the way it is, you need to find some way to save money elsewhere if you're going to boost spending for the next two years which is what they're talking about. they're talking about cutting spending over a longer time frame in other areas. one area they might ask federal employees to pay a little more for their pension plans. another possible rumored area is they might hike the fees for airline security. now we don't know the exact details of these, and in some ways that's actually a good sign. the fact that a lot of these proposals aren't really leaking in their specifics means that the talks are still ongoing and that they're still productive and you know, a couple of people have said, once you start hearing these damaging leaks about oh, this isn't it or democrats are proposing this that's when things are falling apart. >> brad let me ask you, what are the chances of this deal as it's taking shape now passing both chambers, i'm particularly talking about the house, if you talk about fees that's easily construed as a tax. >> the house is a tricky
so you need -- if you want to keep a deficit the way it is, you need to find some way to save money elsewhere if you're going to boost spending for the next two years which is what they're talking about. they're talking about cutting spending over a longer time frame in other areas. one area they might ask federal employees to pay a little more for their pension plans. another possible rumored area is they might hike the fees for airline security. now we don't know the exact details of these,...
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Dec 2, 2013
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fiscal challenges that your country is, and we went through a strategic review several years ago and a deficit reduction action plan, all of which has decreased our budget by 10-15%. and and this has required all kinds of trade-offs along the way too. going forward and recently we just had the speech which indicates that the government is looking to refurbish their canada first defense strategy and in that way allows us to look at where we can invest in new areas. so there will be trade-offs to come certainly within a stable envelope of tight resources. >> okay. and then the last question i wanted to ask is on author rad. norad. and you mentioned in your comments that, expansion, if you will, into the maritime domain, i think there's a lot of interest, too, in cyber domain, and you did reference the author rad strategic -- norad strategic review that's underway. can you give us some insights into what the u.s. and canada are exploring into that strategic review and what types of changes we might expect to see come out of that? >> i know that the commander of norad who is not only the u.s. comm
fiscal challenges that your country is, and we went through a strategic review several years ago and a deficit reduction action plan, all of which has decreased our budget by 10-15%. and and this has required all kinds of trade-offs along the way too. going forward and recently we just had the speech which indicates that the government is looking to refurbish their canada first defense strategy and in that way allows us to look at where we can invest in new areas. so there will be trade-offs to...
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Dec 10, 2013
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it is not going to be deficit. there is no way for me to accept handout. you looke unemployed, for work. if they pay you less, take the less. it is better than taking the handout. some of the callers mentioned israel. and the jewish people hate that. that is the government of israel. taking that and putting that in their pocket. host: some of the money should be spent here at home to extend unemployment insurance benefits. do you think that is a good route to go? caller: that is a copout. somed states has to have helping hand. it doesn't has to go all to israel. it has to go somewhere to the people. they need, too. if they go to a welfare department, state department, the defense department, you will see that these people are charging $100 for a meal which costs $.50, and nobody is overseeing it. host: one last tweet from mark stone. that is going to do is for first 45 minutes. up next, john garamendi joins us to talk about the deal that was announced yesterday. and later, john engler will join us to discuss congressional gridlock and how it is impacting t
it is not going to be deficit. there is no way for me to accept handout. you looke unemployed, for work. if they pay you less, take the less. it is better than taking the handout. some of the callers mentioned israel. and the jewish people hate that. that is the government of israel. taking that and putting that in their pocket. host: some of the money should be spent here at home to extend unemployment insurance benefits. do you think that is a good route to go? caller: that is a copout. somed...
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Dec 10, 2013
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the remainder will go into the future deficit fund. >> meteorologist christina loren says it's cold this morning. >> i could have told you that. >> but she also can tell us what it's going to be like tomorrow. >> she's more scientific. >> opportunity clicker? >> good morning to you. it is cold out there. i can tell you right now not as cold as it was this time yesterday. truckee right now at negative 4, they were at negative 20 at this time yesterday. and temperatures are cold here in the south bay and in particular but 3 degrees milder than this time yesterday. we're it two 9 in san jose, i want to show you the rest of the south bay. 29 in campbell, 28 in santa teresa. so it's cold enough for black ice and if you did leave your sprinklers on you didn't turn them off last night count on frost on your lawn. and really want to take it easy as you walk around your yard because you could slip. we have reports of that. want to make sure you're safe. temperatures are going to climb. i wanted to give you an example with oakland. tomorrow 36, 38 by thursday and then friday back to average in the
the remainder will go into the future deficit fund. >> meteorologist christina loren says it's cold this morning. >> i could have told you that. >> but she also can tell us what it's going to be like tomorrow. >> she's more scientific. >> opportunity clicker? >> good morning to you. it is cold out there. i can tell you right now not as cold as it was this time yesterday. truckee right now at negative 4, they were at negative 20 at this time yesterday. and...
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Dec 7, 2013
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there is a third group of symptoms which we call the the cognitiveoms, deficits. those are problems with memory and problems of attention. sadly, we do not have good treatments for those latter two categories. we have treatments for hallucinations and delusions, medications at work quite well. but the other parts of this syndrome, the parts that are often even more disabling, we need to come up with much better treatments. that is part of why nih is so focused on developing both better diagnostics and better therapeutics for these kinds of illnesses. host: this tweet on the issue of mental health -- are there any other significant development being made in other countries? guest: it is a great question. recently, mental disorder research has become global. there is a lot of interest in global mental health, and that is not just from europe and australia. canada and increasingly in other parts of the world. the disorders we're talking about our global and not unique to the developed world. as a result, there have been some very interesting little-resource environme
there is a third group of symptoms which we call the the cognitiveoms, deficits. those are problems with memory and problems of attention. sadly, we do not have good treatments for those latter two categories. we have treatments for hallucinations and delusions, medications at work quite well. but the other parts of this syndrome, the parts that are often even more disabling, we need to come up with much better treatments. that is part of why nih is so focused on developing both better...
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this is not about the big things that really are making the deficit and debt so big. but it is small and anything small that is bipartisan these days will take, right? there are a couple things holding it up. >> what are the sticking points? >> unemployment benefits. long term unemployment benefits are going to run out soon. democrats in both chambers but particularly the house are really holding out because they want either this to be part of the budget deal or to use it as leverage to make sure that they have a promise to extend the unemployment benefits. another thing that may seem a little parochial but is a big deal to senior democrats who represent maryland suburbs of d.c., a lot of federal workers, is that part of the deal is -- would force federal workers to pay more for their pensions. that's something that steny hoyer and others are saying they don't like. that probably won't hold it up as much. then you have the conservative side. they just don't like this to begin with because they don't like the idea this would do away with the forced across the board spe
this is not about the big things that really are making the deficit and debt so big. but it is small and anything small that is bipartisan these days will take, right? there are a couple things holding it up. >> what are the sticking points? >> unemployment benefits. long term unemployment benefits are going to run out soon. democrats in both chambers but particularly the house are really holding out because they want either this to be part of the budget deal or to use it as...
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Dec 6, 2013
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we have a deficit that is following -- falling like a rock, and mortgage origination. the fed is not only a 500 pound gorilla in those markets, they are now the only gorilla in the jungle buying in those markets, and that is something they are concerned about as well. >> diane swonk, thank you for joining us. also, michael mckee, peter cook, and alix steel. we will be focused on this big drop we have seen in the jobless rate down to 7%. we will also get reactions to the jobs report from the ceo of pimco, mohamed el-erian, and the obama administration's reaction from labor secretary tom perez. ♪ >> well it seems like the whisper numbers were right. we got a huge surprise on the upside for jobs. to jobless rate went down 7%. i want to bring in someone who lives for jobs days. he loves these days because the data tells the story. tom keene is with us. you talk to bill gross. >> i want to make clear, this is a sport. just before the report i put out my last guess, and that was 200- 5000. >> who is bragging now? >> it is not my point, it is drew matus at ubs nailing the u
we have a deficit that is following -- falling like a rock, and mortgage origination. the fed is not only a 500 pound gorilla in those markets, they are now the only gorilla in the jungle buying in those markets, and that is something they are concerned about as well. >> diane swonk, thank you for joining us. also, michael mckee, peter cook, and alix steel. we will be focused on this big drop we have seen in the jobless rate down to 7%. we will also get reactions to the jobs report from...
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Dec 6, 2013
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it is time to stop the obsession with deficits and start an obsession about middle-class job creation. >> well, governor granholm, i'm going to give the president credit for these numbers -- >> stop the presses -- >> but this nation is still woefully unemployed. he has to take credit for that, too. i know his numbers could not have come at a better time for an administration that's had a rough couple months. in the crossfire tonight, a pair of economic experts, david madlin director of the american worker project for the center of political progress. >> and david, let me start with you. even though this morning's jobs numbers sound rea
it is time to stop the obsession with deficits and start an obsession about middle-class job creation. >> well, governor granholm, i'm going to give the president credit for these numbers -- >> stop the presses -- >> but this nation is still woefully unemployed. he has to take credit for that, too. i know his numbers could not have come at a better time for an administration that's had a rough couple months. in the crossfire tonight, a pair of economic experts, david madlin...
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representative paul ryan have announce add limited budget deal tonight, a two-year deal, reduction the deficit by $23 billion, but does not raise taxes. it partially repeals a second round of sequester cuts that were supposed to take effect come january. sources tell nbc news that this deal does not include an extension of long-term unemployment benefits which are set to expire on december 28th. while this is far, far from a grand bargain, the deal would prevent another government shutdown threat in january. congress is expected to vote before leaving for the holidays. congressman ryan says he's expecting to get enough support from both sides to pass this deal. that's it from the live desk, i'm pat lawson muse, back to you, wendy. >> still ahead at 6:00, schools closed, governments closed, not everyone is at home. inside one of the museums next. >>> how much does it cost to treat the roads even if it doesn't snow at all or even just an inch. the i team investigates. >>> as we go to break, here are some >>> animals at the national zoo spent time out in the snow this morning. the zoo was closed
representative paul ryan have announce add limited budget deal tonight, a two-year deal, reduction the deficit by $23 billion, but does not raise taxes. it partially repeals a second round of sequester cuts that were supposed to take effect come january. sources tell nbc news that this deal does not include an extension of long-term unemployment benefits which are set to expire on december 28th. while this is far, far from a grand bargain, the deal would prevent another government shutdown...
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government treasury securities the treasury securities that the government is used to cover its deficit spending year after year and in just the last several years less for five years the federal reserve has been basically buying up anough of these securities to be equal to funding anywhere from forty to sixty percent of the government's deficit each year the consequences is that we basically have had a government borrowing money and paper money treated to fund it now i'm sure many viewers are wondering well how come if this is the case and the federal reserve has increased the money supply by over four trillion dollars in the last four four nam five years why haven't we seen more price inflation and that's because the fed reserve has been playing a game it creates the money into the banking system the banks could lend it to us but the federal reserve has through increasing the money supply manipulated interest rates so low as everybody knows and rather tend to lend the money to us consumers of businessmen at these artificially low interest rates the fed reserve pays these banks a sligh
government treasury securities the treasury securities that the government is used to cover its deficit spending year after year and in just the last several years less for five years the federal reserve has been basically buying up anough of these securities to be equal to funding anywhere from forty to sixty percent of the government's deficit each year the consequences is that we basically have had a government borrowing money and paper money treated to fund it now i'm sure many viewers are...
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Dec 10, 2013
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the deficit is going to come down because outlays are frozen and receipts look pretty good. the bigger story is that all this confusion in the markets and corporate america, among investors over fiscal policy, i think, now gets eliminated for a nice stretch, maybe a year and a half, without everyone having to worry about a shutdown or a debt ceiling crisis. that's a good story. >> yeah, that is a good story. is this deal going to get through the house easily? what's going to happen with the tea party members? >> nothing gets through the house easily. it will be a tough one, ross, as we get through thursday and friday. there will be a lot of tea party members .some democrats who don't like another hit on federal employees who can balk. but i think the majority, which will be boehner and the republican leadership with pelosi and most democrats, that coalition that we've seen a couple of times already this year, i think, will prevail on friday and we'll get a deal. >> okay. which as you say would take pressure away from us heading into 2014. does that take away one other potent
the deficit is going to come down because outlays are frozen and receipts look pretty good. the bigger story is that all this confusion in the markets and corporate america, among investors over fiscal policy, i think, now gets eliminated for a nice stretch, maybe a year and a half, without everyone having to worry about a shutdown or a debt ceiling crisis. that's a good story. >> yeah, that is a good story. is this deal going to get through the house easily? what's going to happen with...
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Dec 5, 2013
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because the deficits are coming down. because of the sequester they all want to get rid of. yeah, it really -- we start to go so far down the rabbit hole i need a pole to get some air down here. >> you need some air. get that guy a glass of water, quick. jim lowell, what are you doing to put money to work right now? >> let me give rick santelli a little bit of air. as a bow tie wearing yankee i'm used to being the skeptic in the room. i'm not worried at all. the u.s. consumer is in good shape. consumers across the pond, in the eurozone -- >> yeah, consumption and gdp was just off the charts, wasn't it? >> it was okay, rick. it's been okay -- >> okay is much different than good. >> grading on a curve. >> as long as that continues for real world investors and for my clients, we've been able to make significant gains. i certainly am not surprised by the pullback in the market. look, after heapings of gains it's only natural the market takes a little bit of a diet. the reality is going forward large cap, multinational blue chip, balance sheets look great. >> why doesn't the fed
because the deficits are coming down. because of the sequester they all want to get rid of. yeah, it really -- we start to go so far down the rabbit hole i need a pole to get some air down here. >> you need some air. get that guy a glass of water, quick. jim lowell, what are you doing to put money to work right now? >> let me give rick santelli a little bit of air. as a bow tie wearing yankee i'm used to being the skeptic in the room. i'm not worried at all. the u.s. consumer is in...
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Dec 8, 2013
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that deal might include scaling back some of those sequester cuts, finding a little bit of deficit reduction. here's the key thing to focus on, though, right now, alex. the tone. there doesn't seem to be an appetite for another government shutdown. that, of course, bodes well for the economy and washington in general. take a listen to what two lawmakers had to say earlier today. >> keep the budget caps in place, not raise taxes, which is important during this weak economy, and actually avoid a government shutdown. so i'm hopeful that even by the end of this week we'll be able to come together and achieve that. >> i certainly hope as part of it that the negotiators will take to heart what the president had to say. there are working families across america that are struggling. there are unemployed families who need a helping hand. we've got to protect and preserve the safety net in america and give these working families a fighting chance. >> so alex, of course there you have republican rob portman, democrat dick durbin. and you heard senator durbin talking about unemployment insurance. that i
that deal might include scaling back some of those sequester cuts, finding a little bit of deficit reduction. here's the key thing to focus on, though, right now, alex. the tone. there doesn't seem to be an appetite for another government shutdown. that, of course, bodes well for the economy and washington in general. take a listen to what two lawmakers had to say earlier today. >> keep the budget caps in place, not raise taxes, which is important during this weak economy, and actually...
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Dec 6, 2013
12/13
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account deficits even when commodity prices were at their peak. and it's pretty clear that chinese growth is growing. it shifted away from the heavy commodities driven industries. there's a lot of investment over the last couple of years, pushing up gdp, and they're all looking to find a way to replace the stimulus that they've had from that commodities sector, from its growth, and that's going to be hard to find. weakening the currency is the most obvious path to follow and they're all doing it. i think in g-10 it's done as a o policy tool. >> traders on g-10 today with the u.s. nonfarm payrolls coming out, steven england, i'm going to ask you about that in just a bit. >>> now we're shaping up in equity markets, ahead of that all-important jobs number out of the states, so far we've got a market that is moving higher, 0.4% firmer is the early picture. the german market has been strong today. you're seeing selling across on the periphery. you can see the state of play. you can see the xetra dox nax n 0.6% higher. it is gaining pace through wrought
account deficits even when commodity prices were at their peak. and it's pretty clear that chinese growth is growing. it shifted away from the heavy commodities driven industries. there's a lot of investment over the last couple of years, pushing up gdp, and they're all looking to find a way to replace the stimulus that they've had from that commodities sector, from its growth, and that's going to be hard to find. weakening the currency is the most obvious path to follow and they're all doing...
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Dec 9, 2013
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sitting members of congress be ineligible for re-election if they don't beat search benchmarks, like the deficit being beneath a certain percentage of the gdp. it's a lot. >> or certain congressman who get a lot of air time like paul ryan and that's a taste of what we'll see pretty soon. ronan, thanks for stopping by today. today's producer pick comes to us from associate producer kristen bukaria. a georgia court has ordered a man to pay up for breaking his promise to marry. he owes his one-time fiance 50,000 large even though the man claims he never officially popped the question. you can read more by heading to thomas roberts facebook page. you've got to put a ring on it, nice tune. we'll be right back. ♪ if yand you're talking toevere rheuyour rheumatologistike me, about trying or adding a biologic. this is humira, adalimumab. this is humira working to help relieve my pain. this is humira helping me through the twists and turns. this is humira helping to protect my joints from further damage. doctors have been prescribing humira for over ten years. humira works by targeting and helping to b
sitting members of congress be ineligible for re-election if they don't beat search benchmarks, like the deficit being beneath a certain percentage of the gdp. it's a lot. >> or certain congressman who get a lot of air time like paul ryan and that's a taste of what we'll see pretty soon. ronan, thanks for stopping by today. today's producer pick comes to us from associate producer kristen bukaria. a georgia court has ordered a man to pay up for breaking his promise to marry. he owes his...